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. heather: good thing. all right so growing concerns for the future of u.s. cities as stoc stockton, california heads to bankruptcy court. they racked up a billion dollars in debt in two years. we hear about other places in similar situation. some are wondering whether other u.s. cities will soon follow. matt mccall is president of financial group l. l. c. and countdown to the closing bell on fox network. california's 13th largest city officially heading to bankruptcy court today. a city in detroit trying to avoid the same thing, the largest city ever to be put under state control. if i live in a small town say in mississippi, i live in a farming community out in midwest or here in the big city of new york city, why do i care, how does it effect me, liz? >> it is interesting if you are part of a municipality that is in debt. when it comes to the clip that happened here situation probably unlikely unless your city finances are in such arrears and a dire state that you too should be watching. everyone can learn a lesson with what is happening in stockton, california today. heather: ta
, concord, livermore, stockton and santa rosa are all on the list of possible closures. >>> it is the eternal quest. now palo alto city council looking for a solution to the city's parking problem. residents say it's reached a saturation point and things are about to get worse as the new downtown development continues. according to enforcement, the palo alto city council will look at additional proposal, including permits at city garages. they will consider a valet program at another garage putting parking restrictions in residential neighborhoods and building a brand-new parking structure. >> i had lunch in palo alto, come to think of it, on friday. we were able to sit outside. today we can do that but probably not tomorrow. >> lucky you. her and zuckerberg, right? >> roll with it. >> we have a good day shaping up. marla is right, rain coming in. outdoor lunch plans on the water, much better conditions. a live look over san francisco. the bay bridge there. conditions on the bay glassy but those won't last as winds pick up ahead of the storm system. it doesn't move in u
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